SkyWest, Inc. (NASDAQ:SKYW) VP Greg Wooley Sells 14,545 Shares

SkyWest, Inc. (NASDAQ:SKYW) VP Greg Wooley sold 14,545 shares of SkyWest stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $105.73, for a total value of $1,537,842.85. Following the completion of the sale, the vice president now owns 68,737 shares of the company’s stock, valued at $7,267,563.01. The trade was a 17.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

SkyWest Trading Down 4.3 %

SkyWest stock opened at $96.65 on Friday. The business has a 50-day simple moving average of $108.58 and a two-hundred day simple moving average of $97.35. The company has a market cap of $3.90 billion, a P/E ratio of 12.44 and a beta of 1.98. SkyWest, Inc. has a 52-week low of $59.92 and a 52-week high of $135.57. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.89.

SkyWest (NASDAQ:SKYW) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.59. SkyWest had a return on equity of 14.17% and a net margin of 9.15%. During the same quarter in the prior year, the company posted $0.42 earnings per share. Analysts predict that SkyWest, Inc. will post 9.01 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $119.00 price objective on shares of SkyWest in a report on Friday, November 15th. Raymond James reiterated an “outperform” rating and issued a $130.00 price objective (up from $120.00) on shares of SkyWest in a report on Friday, January 31st. Finally, TD Cowen boosted their price target on SkyWest from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Glenmede Trust Co. NA grew its stake in shares of SkyWest by 0.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 10,835 shares of the transportation company’s stock valued at $921,000 after acquiring an additional 98 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of SkyWest by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the transportation company’s stock valued at $1,953,000 after acquiring an additional 100 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of SkyWest by 1.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,495 shares of the transportation company’s stock valued at $951,000 after acquiring an additional 100 shares during the period. Summit Investment Advisors Inc. grew its stake in shares of SkyWest by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,145 shares of the transportation company’s stock valued at $415,000 after acquiring an additional 131 shares during the period. Finally, Highland Capital Management LLC grew its stake in shares of SkyWest by 6.1% during the 4th quarter. Highland Capital Management LLC now owns 2,783 shares of the transportation company’s stock valued at $279,000 after acquiring an additional 160 shares during the period. 81.30% of the stock is currently owned by institutional investors.

About SkyWest

SkyWest, Inc is the holding company for two scheduled passenger airline operations and an aircraft leasing company. SkyWest’s airline companies provide commercial air service in cities throughout North America with nearly 3,000 daily flights carrying more than 53 million passengers annually. SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, American Airlines and Alaska Airlines.